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Japan Times
13-08-2025
- Business
- Japan Times
Japan starts anti-dumping probe into Chinese and South Korean steel goods
Japan will begin an anti-dumping probe into some Chinese and South Korean steel goods, the latest effort by the nation to protect local producers against a wave of imports of the alloy. The investigation, which is expected to be complete within a year, will probe flows of hot-dipped galvanized coil, sheet and strip, the trade and finance ministries said in a statement on Wednesday. The decision follows an application in April by four firms, including Nippon Steel and Kobe Steel. Steel exports from China, the world's largest producer, have surged this year as a downturn in its property market hurt domestic demand. That's weighed on prices and put pressure on producers around the world, while tariffs imposed by the U.S. government have also complicated the business environment. The two ministries will provide opportunities for parties, including South Korean and Chinese suppliers, to present evidence before deciding on whether or not to impose a duty. Last month, Japan started an anti-dumping duty investigation into Chinese and Taiwanese nickel-added cold-rolled stainless-steel coil, sheet and strip.
Business Times
13-08-2025
- Business
- Business Times
Japan starts anti-dumping probe into Chinese, South Korean steel goods
[TOKYO] Japan will begin an anti-dumping probe into some Chinese and South Korean steel goods, the latest effort by the nation to protect local producers against a wave of imports of the alloy. The investigation, which is expected to be complete within a year, will probe flows of hot-dipped galvanised coil, sheet and strip, the trade and finance ministries said on Wednesday (Aug 13). The decision follows an application in April by four firms, including Nippon Steel and Kobe Steel. Steel exports from China, the world's largest producer, have surged this year as a downturn in its property market hurt domestic demand. That's weighed on prices and put pressure on producers around the world, while tariffs imposed by the US government have also complicated the business environment. The two ministries will provide opportunities for parties, including South Korean and Chinese suppliers, to present evidence before deciding on whether or not to impose a duty. Last month, Japan started an anti-dumping duty investigation into Chinese and Taiwanese nickel-added cold-rolled stainless-steel coil, sheet and strip. BLOOMBERG
Reuters
13-08-2025
- Business
- Reuters
Japan starts anti-dumping probe into hot-dip galvanized steel from China, S.Korea
TOKYO, Aug 13 (Reuters) - Japan has launched an anti-dumping investigation into hot-dip galvanized steel from China and South Korea, the country's Ministry of Economy, Trade and Industry said on Wednesday. The probe follows an April 28 petition filed by Nippon Steel (5401.T), opens new tab, Kobe Steel (5406.T), opens new tab and other domestic makers claiming that weaker domestic demand and a shift to cheaper imports have forced them to cut prices. Hot-dip galvanized steel is typically used in construction, typically for metal that will be exposed to the elements. The investigation excludes Hong Kong and Macau, METI said. In July, Japan also began investigating nickel-based stainless cold-rolled steel sheets and strips imported from China and Taiwan. METI and the Ministry of Finance plan to complete the investigation within a year before deciding on possible anti-dumping duties, the METI statement said. "This investigation is being conducted fairly and independently in line with World Trade Organisation (WTO) rules to address unfair import practices," Tadashi Imai, chairman of the Japan Iron and Steel Federation, said in a statement. Imai, who is also president of Nippon Steel, said the industry will continue monitoring unfair import practices beyond the products under investigation and consult the government each time it becomes necessary for further trade measures. He has repeatedly warned the global rise in protectionism could leave Japan vulnerable to inexpensive steel imports, hurting domestic production.
Bloomberg
13-08-2025
- Business
- Bloomberg
Japan Starts Anti-Dumping Probe Into Chinese, Korean Steel Goods
Japan will begin an anti-dumping probe into some Chinese and South Korean steel goods, the latest effort by the nation to protect local producers against a wave of imports of the alloy. The investigation, which is expected to be complete within a year, will probe flows of hot-dipped galvanized coil, sheet and strip, the trade and finance ministries said in a statement on Wednesday. The decision follows an application in April by four firms, including Nippon Steel Corp. and Kobe Steel Ltd.
Business Times
07-08-2025
- Automotive
- Business Times
Japan's steel output may sink to lowest since 1968 as US tariff risks loom
[TOKYO] Kobe Steel, Japan's No 3 steelmaker, on Thursday (Aug 7) reported a 3 per cent fall in quarterly crude steel output due to lower prices and the potential impact of US tariffs on car production, similar to declines at Nippon Steel and JFE Holdings. With the US tariff risk looming, Japan's Iron and Steel Federation has warned domestic crude steel output could fall below 80 million tonnes this year versus 84 million tonnes a year ago. That would be the lowest since the 67 million tonnes produced in 1968, the Federation said. The latest pressure comes as Japan's top tariff negotiator Ryosei Akazawa pressed the US to swiftly implement an agreed cut to auto tariffs during a meeting this week with US Secretary of Commerce Howard Lutnick in Washington. Japan is also grappling with a surge in cheap steel exports from top producer China, which is dragging down prices and prompting countries, including Japan, to consider protective trade measures. Japanese car sales to the US are already falling as automakers shift production to the US, Mexico and Canada to reduce costs. For the April-to-June quarter, Kobe Steel's crude steel output slid 3 per cent to 1.46 million tonnes on weaker domestic consumption in the construction and auto sectors. Nippon Steel's output fell by 7 per cent to 9.46 million tonnes and JFE dropped by 3 per cent to 5.61 million tons. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 'The downward trend in domestic steel demand will continue due to population decline, decrease in exports of finished auto to the US and indirect exports by other manufacturing industries,' Nippon Steel said on Friday. Nippon Steel expects a 50 billion yen hit to its annual profits from the US tariffs, while Kobe Steel sees a five billion yen impact. JFE plans to close several domestic facilities to reduce capacity. 'US tariff measures pose the greatest risk, particularly with regard to trends and impacts in the automotive and construction machinery sectors,' JFE said in its earnings presentation on Monday. To offset domestic weakness, Nippon Steel and JFE are focusing on overseas expansion. Nippon Steel bought US Steel for US$15 billion, pledging close to a similar amount in investments into the newly acquired assets, betting on US demand growth. JFE, together with a partner, announced a 120 billion yen investment to expand facilities in India, the biggest driver of the global steel demand, backed by heavy infrastructure spending. 'Looking at the world, the only attractive markets for the steel industry are India and the US,' said Ryunosuke Shibata, analyst at SBI Securities. 'Even if Asian countries have the potential to expand demand, there is a risk as China is close.' To survive, 'there is no choice but to expand business in growing overseas markets,' Shibata said. REUTERS
